Create a Legacy of Hope

Creating a legacy of Hope at St. Anthony’s

Leaving a gift to St. Anthony’s in your will or trust is an opportunity to provide hope to those who need it most while sharing your values with future generations.

Ready to get started or need more information? Contact Suzie Sheedy, Director of Development, at SSheedy@stanthonysf.org, or (415) 592-2735.

Here are some easy ways to create your personal legacy with St. Anthony’s.

Gifts that cost you nothing now | Gifts that pay you income | Gifts that reduce taxes | Gifts that benefit your heirs

Gifts that cost you nothing to make now

You may be surprised to learn there are a variety of ways to create a legacy of hope at St. Anthony’s just by signing you name. There is no need to write a check now and your assets remain under your control for as long as you need them.

Gifts in your will or living trust

Making a gift to St. Anthony’s in your will or living trust, also known as charitable bequest, is simple to arrange. Consider including this language in your estate plans:

I give { ____ percent of my estate, or description of asset, or _________ dollars } to St. Anthony’s, a California nonprofit corporation, 150 Golden Gate Avenue, San Francisco, CA 94102 (Tax ID: 94-1513140), to use where the need is greatest.

Gifts by beneficiary designation

There is no easier way to create your legacy at St. Anthony’s than with a gift by beneficiary designation.

  • Life insurance:
    You may have a life insurance policy you purchased years ago and no longer need. You can name St. Anthony’s as a full, partial, or contingent beneficiary of your policy. You can also sign over a fully paid policy and receive a tax deduction for your gift.
  • IRA, 401k’s, and other retirement plan assets:
    As retirement plans are taxed differently than other assets, they can become a tax liability when inherited. Designating St. Anthony’s as a beneficiary of these assets can reduce or eliminate this liability. You can include St. Anthony’s on the beneficiary designation form to receive a specific percentage of your account value or as a contingent beneficiary.
  • Bank & brokerage accounts:
    Assets like bank and brokerage accounts, CDs and savings bonds can be wonderful gifts to use to create your legacy at St. Anthony’s. Simply name St. Anthony’s as the pay-on-death (POD) or transfer-on-death (TOD) beneficiary of these assets.
  • Donor advised funds (DAFs):
    You can name St. Anthony’s as the beneficiary of your entire fund, or a percentage, leaving the balance in your DAF to allow your children and grandchildren to continue your philanthropy.

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Gifts that pay you income

Charitable Gift Annuities

In exchange for your gift of at least $20,000, you will receive fixed annual payments for as long as you live and a charitable deduction. Gift annuities can benefit one or two people and can be funded with cash or securities.

You and/or your beneficiaries can receive income for life or a term of years and a tax deduction with a charitable remainder trust.

Charitable Remainder Trusts Charitable Remainder Trusts in 3 Steps

Charitable remainder trusts convert a variety of assets into income for one or more income beneficiaries. Donors who fund their trust with a gift of appreciated assets, like securities or real estate, do not pay capital gains tax when those assets are sold. Donors receive an immediate income tax deduction when their trust is created, and assets transferred to a charitable remainder trust reduce the donor’s taxable estate. When the trust expires, the remainder goes to St. Anthony’s to provide hope to people in need.

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Gifts that reduce taxes

IRA Qualified Charitable Distributions

IRA Qualified Charitable Distributions (QCDs) allow donors, 70 ½ or older, to make gifts to charity from their IRA. QCDs are made directly from the donor’s IRA account to a qualified public charity. Qualified Charitable Distributions count toward a donor’s required minimum distribution or RMD. By reducing taxable income, QCDs can lower a donor’s tax bill and may help donors avoid Medicare surcharges. And, as IRA QCDs pass tax-free to charity, 100% of your gift to St. Anthony’s can be used to provide hope to those who need it most.

Gifts of appreciated stock

When you donate appreciated stock, bonds, or mutual funds you have owned for more than a year, you will receive a tax deduction for the fair market value and avoid capital gains tax. Your deduction may provide you with additional tax savings if you itemize.

If you use appreciated stock to fund a charitable gift annuity or charitable trust, you won’t owe capital gains tax when those assets are sold – and you’ll receive an immediate tax deduction – while creating a stream of income for yourself and/or your loved ones.

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Gifts that benefit your heirs

 

Charitable lead trusts

Charitable lead trusts share trust income with a charity over a period of years. Donors fund a charitable lead trust by transferring cash or other assets to their trust. The trust makes payments to charity on a fixed schedule for a term of years, such as the life of one or more individuals. When the trust term expires the remaining trust assets are transferred to non-charitable beneficiaries – usually going back to the donor or family members. Charitable lead trusts may produce tax deductions for donors and may reduce estate and gift taxes to heirs.

Gifts of retirement plan assets

Naming St. Anthony’s as a beneficiary of your retirement account is an easy way to create your legacy of hope and reduce taxes to your loved ones. As retirement plan assets are taxed differently than other assets, they can become a tax liability when inherited.

If you leave your retirement plan to your children, they will have to pay income tax on distributions. St. Anthony’s does not pay this tax, so 100% of your gift can be used to serve people in need. Ask your plan administrator for a beneficiary designation form and name St. Anthony’s as a full or partial beneficiary of your retirement account.

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Please let us know if you have included St. Anthony’s in your plans. We will be honored to recognize you as a member of the St. Anthony Legacy Circle.

Ready to get started or need more information? Contact Suzie Sheedy, Director of Development, at SSheedy@stanthonysf.org, or (415) 592-2735.

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